German Finance Minister Proposes Rival Economy Plan, According to Reuters
Germany's finance minister is pushing for tax cuts and fiscal discipline in a position paper.
Germany's finance minister is pushing for tax cuts and fiscal discipline in a position paper seen by Reuters on Friday that challenges an investment plan by the economy minister, laying bare a deep divide in the governing coalition.
Christian Lindner of the Free Democrats (FDP), the free-market kingmaker in Chancellor Olaf Scholz's three-way coalition, calls for “an economic turnaround with a partly fundamental revision of key political decisions” in an 18-page policy paper from the finance ministry. Public rowing over economic and industrial policy between the FDP, Greens and Scholz's Social Democrats has fuelled speculation of the coalition's potential collapse, a year before elections are due.
The finance ministry document comes over a week after Economy Minister Robert Habeck, seen as the Greens' likely future candidate for chancellor, put forward his own multi-billion-euro investment plan to remedy weak growth in Europe's largest economy.
The Vanguard S&P 500 ETF Provides Heavy Exposure to AI Stocks
The Vanguard S&P 500 ETF tracks the index's performance, which has as its components 500 of the largest public U.S. companies, including growth stocks and value stocks from every market sector.
